m3taversal
1a31bc0f4d
Changes that missed PR #1750 merge: Dean's List (8 records): - 6 full text backfills + 2 new (Treasury De-Risking, Liquidity Fee Structure) ORE (4 records): - 2 full text backfills + 2 new (USDC-ORE Boost, Sublinear Supply Function) coal (4 records): - 4 full text backfills URL migration (75 files): - All proposal_url fields migrated from dead futard.io to v1.metadao.fi - Pattern: futard.io/proposal/{key} → v1.metadao.fi/{project}/trade/{key} - futard.io returns 404; v1.metadao.fi returns 200 Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
53 lines
2.4 KiB
Markdown
53 lines
2.4 KiB
Markdown
---
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type: decision
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entity_type: decision_market
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name: "Avici: Futardio Launch"
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domain: internet-finance
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status: passed
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parent_entity: "[[avici]]"
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platform: "futardio"
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proposal_url: "https://v1.metadao.fi/avici/trade/2rYvdtK8ovuSziJuy5gTTPtviY5CfTnW6Pps4pk7ehEq"
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proposal_date: 2025-10-14
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resolution_date: 2025-10-18
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category: "fundraise"
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summary: "Avici raised $34.2M against $2M target through futarchy-governed launch for distributed internet banking infrastructure"
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key_metrics:
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funding_target: "$2,000,000"
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total_committed: "$34,230,976"
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final_raise: "$3,500,000"
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oversubscription_ratio: 17.1
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token_symbol: "AVICI"
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token_mint: "BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta"
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platform_version: "v0.6"
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tracked_by: rio
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created: 2026-03-11
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---
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# Avici: Futardio Launch
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## Summary
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Avici launched a futarchy-governed fundraise on Futardio to build distributed internet banking infrastructure including spend cards, internet-native trust scores, and unsecured lending. The project targeted $2M but received $34.2M in commitments (17x oversubscribed), ultimately raising $3.5M and closing after 4 days.
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## Market Data
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- **Outcome:** Passed (fundraise completed)
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- **Launch Date:** 2025-10-14
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- **Close Date:** 2025-10-18
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- **Target:** $2,000,000
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- **Committed:** $34,230,976
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- **Final Raise:** $3,500,000
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- **Oversubscription:** 17.1x
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## Significance
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This launch demonstrates futarchy-governed fundraising attracting significant capital for infrastructure projects beyond meme coins. The 17x oversubscription indicates market demand for reputation-based undercollateralized lending infrastructure, a gap identified by Vitalik Buterin as missing from onchain finance.
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The project's thesis challenges the commodity theory of money, arguing money originated as credit (a social ledger) rather than barter, positioning onchain reputation systems as necessary infrastructure for fiat independence.
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## Relationship to KB
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- [[avici]] — parent entity
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- [[futardio]] — launch platform
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- [[MetaDAO is the futarchy launchpad on Solana where projects raise capital through unruggable ICOs governed by conditional markets creating the first platform for ownership coins at scale]] — platform mechanism
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- [[internet capital markets compress fundraising from months to days because permissionless raises eliminate gatekeepers while futarchy replaces due diligence bottlenecks with real-time market pricing]] — demonstrates compression thesis
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